100
100
tv
eye 100
favorite 0
quote 0
john boehner said we don't have the votes to pass that debt ceiling, a clean debt ceiling. and senator cruz said, no, the debt ceilings are used to affect changes in policy. >> i think if you're just looking at it from a purely legislative point of view, i think in the end boehner wins in the sense that some kind of concession will be made by the white house and by democrats on some specific issue and it will be tied into the debt ceiling and tied to the shutdown for the president to still say i didn't negotiate on the debt ceiling but we made this concession. it will be something luke the medical device tax repeal, something like that. i think the danger for republicans and the congressman can speak to this better than i can, that kind of minor sort of tactical victory, is it worth the path? it is worth the pr hit? >> i want to get you to hold. i'll get both of you, all of you to comment when we return. help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added c
john boehner said we don't have the votes to pass that debt ceiling, a clean debt ceiling. and senator cruz said, no, the debt ceilings are used to affect changes in policy. >> i think if you're just looking at it from a purely legislative point of view, i think in the end boehner wins in the sense that some kind of concession will be made by the white house and by democrats on some specific issue and it will be tied into the debt ceiling and tied to the shutdown for the president to...
75
75
Oct 20, 2013
10/13
by
FBC
tv
eye 75
favorite 0
quote 0
of raise the debt ceiling. raise the debt ceiling. john: it's hard to give my brain around it. it helps to look at the debt over time. for 150 years america had almost no debt. it rose during world wars, came down after world war ii, but then starting around 1980 exploded. and is gone straight up in this is unsustainable. outside this building. i show people how much we spend per person every year. most agree that america has a spending problem. then ask a with a cat. >> you can't get health care. >> what should we cut? price social security cards and not sure what else you can get. >> a great deal on the military, medical care. john: that should be cut?? >> that's a hard question. john: you can't answer it. >> absolutely not. john: a few people have suggestions with tells me in the san the the point of all those democrats to say just raise the debt ceiling. one of those is the rilliant bob beckel. brilliant because you fight with people every day and often win all by yourself, but you are not worried about this 17 trillion. >> you know, i liked you a lot. every time i hear you
of raise the debt ceiling. raise the debt ceiling. john: it's hard to give my brain around it. it helps to look at the debt over time. for 150 years america had almost no debt. it rose during world wars, came down after world war ii, but then starting around 1980 exploded. and is gone straight up in this is unsustainable. outside this building. i show people how much we spend per person every year. most agree that america has a spending problem. then ask a with a cat. >> you can't get...
205
205
Jan 20, 2013
01/13
by
FBC
tv
eye 205
favorite 0
quote 0
it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick
it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a...
150
150
Jan 15, 2013
01/13
by
FOXNEWSW
tv
eye 150
favorite 0
quote 0
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
78
78
Oct 12, 2013
10/13
by
MSNBC
tv
eye 78
favorite 0
quote 0
if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling without their approval. when krugman says it, one way or another, the president could simply choose to defy congress and ignore the debt ceiling, wouldn't this also be breaking the law? maybe, maybe not, opinions differ, but not making good on resolutions also break the law. and why not choose the one that hurts america the least? krugman is saying, if you have to, raise that sucker on your own. >> going back to the other point about the deniers, this actually isn't a new sentiment. this goes back to even 2011, there were republicans on the hill saying, well, the debt ceiling not passing, that doesn't mean we're necessa
if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling...
150
150
tv
eye 150
favorite 0
quote 0
the bipartisan policy center says the debt ceiling, the current debt ceiling probably won't be breached until sometime in early september or early october. back tyou. melissa: all that and scandal to deal with as well. rich, thanks so much. >> that's right. melissa: coming up on "money," investors scrambling to pull cash out of sac capital. did the government just bully the multibillion-dollar hedge fund out of business? we'll tell you why every company should be worried. >>> plus smoking is a sociallyly acceptable right now as help prosy. big tobacco is betting big electronic cigarettes. it is the key cure for the industry's demise? don't go away. pylesf money coming right up. ♪ . melissa: no matter what time it is money is as you on the move and shares of rosetta stone taking a hit after hours. the language software company announced a secondary stock offering, another 3.5 milli shares will be offered to potential investors. right thereou can e the trade on that one. >>> turning n to the power of money. wall seet is holding its breath as sac capital braces for maybe billions of rede
the bipartisan policy center says the debt ceiling, the current debt ceiling probably won't be breached until sometime in early september or early october. back tyou. melissa: all that and scandal to deal with as well. rich, thanks so much. >> that's right. melissa: coming up on "money," investors scrambling to pull cash out of sac capital. did the government just bully the multibillion-dollar hedge fund out of business? we'll tell you why every company should be worried....
65
65
Oct 7, 2013
10/13
by
MSNBC
tv
eye 65
favorite 0
quote 0
debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic. eventually it will be reopened but the president will not have capitulated and you will have discredited yourself and along the way you've heard the american people. >> having said that, where do you think we are today and what do you think of the government shutdown. >> i would say i was pretty accurate by prophecy. frankly i think we have made more progress probably than most people understand. over half the government is back opening. it should never have been shut down, the defense department and civilian contractors and civilian workers. we vot
debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic....
72
72
Oct 15, 2013
10/13
by
CSPAN
tv
eye 72
favorite 0
quote 0
as part of a debt ceiling agreement. we need to have savings and ourrms that underlie problem. the problem that we are spending more than we take in. we cannot just raise the debt ceiling for another year at a trillion dollars in debt to the dutch we are ready have of $17 trillion. kind of like going to the bank. you go to the bank and talk to the banker and say i want to increase the loan i have and want to increase mice but it -- credit limit. he may be willing to give you but he will say what are you going to do to address the underlying problem? the president identified more billion dollars in changes in savings and reforms that he could support for mandatory spending programs. we talked about those times. now is the time to implement savings and reforms to the mandatory spending programs. i will give you an example of one that i have been hard at work on for the past two years. that is the farm bill. we work hard on changes and improvement and strengthening the crop insurance. that is what farmers and ranchers want.
as part of a debt ceiling agreement. we need to have savings and ourrms that underlie problem. the problem that we are spending more than we take in. we cannot just raise the debt ceiling for another year at a trillion dollars in debt to the dutch we are ready have of $17 trillion. kind of like going to the bank. you go to the bank and talk to the banker and say i want to increase the loan i have and want to increase mice but it -- credit limit. he may be willing to give you but he will say...
265
265
Jan 14, 2013
01/13
by
FOXNEWSW
tv
eye 265
favorite 0
quote 0
the debt ceiling and you did. last year you said you wouldn't extend any of the bush tax cuts for the wealthy and you did. so as you say now that you're not going to negotiate on the debt ceiling, this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> well, first of all, juliana, take the example of this year and the fiscal cliff. i didn't say that i would not not have any conversations about extending the bush tax cuts, what i said we wouldn't extend bush tax cuts for wealthy and we didn't. we can argue during the campaign that i said, i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is that millionaires, billionaires, are paying significantly more in taxes, just as i said. so from, you know, from the start my concern was making sure that we had a tax code that was fair and that protected the middle class and my biggest priority was making sure middle class tax
the debt ceiling and you did. last year you said you wouldn't extend any of the bush tax cuts for the wealthy and you did. so as you say now that you're not going to negotiate on the debt ceiling, this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> well, first of all, juliana, take the example of this year and the fiscal cliff. i didn't say that i would not not have any...
183
183
Oct 7, 2013
10/13
by
CNNW
tv
eye 183
favorite 0
quote 0
you know, the debt ceiling, the question of the debt ceiling, in fact, if you look at the polls, people believe when you're raising the debt ceiling, you ought to deal with the debt. so they feel like they're on firm ground on that one. >> it's not an easy vote for them. they might want -- >> not an easy vote for anybody. >> i think that, if obama was willing to give something -- if obama could get the abolition of the debt ceiling, i think he could break his no negotiations pledge but like you said, republicans -- >> no. there are some republicans talking about a short-term, you know, funding of the government tied to the debt ceiling, and i don't know that that's gotten anywhere. >> why doesn't the president just pick up the phone, tell john boehner, come over here, forget about harry reid, forget about nancy pelosi, forget about mitch mcconnell. just john boehner and him, one-on-one, the two of them start talking and it might not take a few hours, it might take a few days. why doesn't he do that? that's the way bill clinton used to work with newt gingrich during the shutdowns in '95
you know, the debt ceiling, the question of the debt ceiling, in fact, if you look at the polls, people believe when you're raising the debt ceiling, you ought to deal with the debt. so they feel like they're on firm ground on that one. >> it's not an easy vote for them. they might want -- >> not an easy vote for anybody. >> i think that, if obama was willing to give something -- if obama could get the abolition of the debt ceiling, i think he could break his no negotiations...
19
19
tv
eye 19
favorite 0
quote 0
ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the ship. with the holidays just around the corner we decided to kick off today's headlines with some debt free jubilee now this story it started all a little over one year ago when a group of occupy wall street activists created the strike down debt project known as rolling jubilee today the group has managed to abolish almost fifteen million dollars worth of personal debt now described on its.
ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the ship. with the holidays just around the corner we decided to kick off today's headlines with some debt free jubilee now this story it started all a little over one year ago when a group of occupy wall street activists created the strike down debt project known as rolling jubilee today the group has managed to abolish almost fifteen million dollars worth of...
21
21
tv
eye 21
favorite 0
quote 0
ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the show.
ceiling debt crisis and the deficit of knowledge in congress you won't want to miss that it's coming right up but now let's get to the show.
134
134
Oct 9, 2013
10/13
by
MSNBC
tv
eye 134
favorite 0
quote 0
. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites. >> there is no clear way out of this. >> there are no magic bullets here. >> we are now on day eight of the government shutdown. >> day act of the government shutdown. >> our goal wasn't to shut down the government. i don't think we should default on our debt >> we have got to stop repeating this pattern. the american people are tired of it. lord knows i'm tired of it. >>> tonight senate majority leader harry reid introduce aid perfectly reasonable, one sentence bill that would raise the debt ceiling until the end of next year which is a perfectly reasonable time frame for a typical debt ceiling increase in the past. th
. >> eyeing the debt ceiling. >> all about the debt ceiling. all this talk about default. >> it's nonsense. >> demagoguery. false demagoguery. >> when i hear people trying to downplay the conventions of that. >> nonsense. >> a lot of demagoguery. >> irresponsible. >> alternatives are popping up. >> some discussion about my powers under the 14th amendment. that's going to make people nervous. >> very hard to get into sound bites....
59
59
tv
eye 59
favorite 0
quote 0
the bipartisan policy center says the debt ceiling, the current debt ceiling probably won't be breached until sometime in early september or early october. back to you. melissa: all that and scandal to deal with as well. rich, thanks so much. >> that's right. melissa: coming up on "money," investors scrambling to pull cash out of sac capital. did the government just bully the multibillion-dollar hedge fund out of business? we'll tell you why every company should be worried. >>> plus smoking is a sociallyly acceptable right now as help prosy. big tobacco is betting big on electronic cigarettes. it is the key cure for the industry's demise? don't go away. pyles of money coming right up. ♪ . vo: traveling you definitely end up meeting a lot more people but a friend under water is something completely different. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help yofind yours. melissa: no matter what
the bipartisan policy center says the debt ceiling, the current debt ceiling probably won't be breached until sometime in early september or early october. back to you. melissa: all that and scandal to deal with as well. rich, thanks so much. >> that's right. melissa: coming up on "money," investors scrambling to pull cash out of sac capital. did the government just bully the multibillion-dollar hedge fund out of business? we'll tell you why every company should be worried....
91
91
Dec 18, 2013
12/13
by
CSPAN
tv
eye 91
favorite 0
quote 0
all attached to a debt ceiling inquiry. ceiling legislation is the time that brings us all together and get the president's attention, which with this president when it comes to reducing spending is a bit of a challenge. i cannot imagine it being done claim. we will have to see if the house once to add to it as a condition of passing it. host: harry reid and mitch inonnell, up for reelection 2014, yesterday weighing in on the next fight of raising the debt ceiling, which could happen in february when the treasury runs out of money to pay its bills. on the two-your budget deal, the washington times reports this -- there are a group of senators think it aired i daring cuts to retirement pay. post" reportsn on that -- inside the story they say according to house budget aides, it will reduce pay by almost six percent, by a man who enlisted at age 18 and retired age 38. 1.26ng him with one million instead of 1.24. this an issue that could be returned to in january. (this morning. democratic caller. what is on your mind. they did
all attached to a debt ceiling inquiry. ceiling legislation is the time that brings us all together and get the president's attention, which with this president when it comes to reducing spending is a bit of a challenge. i cannot imagine it being done claim. we will have to see if the house once to add to it as a condition of passing it. host: harry reid and mitch inonnell, up for reelection 2014, yesterday weighing in on the next fight of raising the debt ceiling, which could happen in...
112
112
Jan 6, 2013
01/13
by
CNNW
tv
eye 112
favorite 0
quote 0
can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt cei
can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the...
138
138
Sep 22, 2013
09/13
by
FBC
tv
eye 138
favorite 0
quote 1
look at 2011hen the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignor the debt rating t. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his definiti as well. >> extortion is criminal. this president is grasping for straws because he knows that 53% of americans realize obamacare will drive their healthcare costs up. republicans are doing the right thing. this is risky business. they realize obamacare is not ready for the big but. it wll drive up st and cut jobs. we have a lot of work that has to be done to implement this properly. >> david: but rick, on this debt issue. by the way, president obama i not the only one t commit hypocrisy. harry reid and nancy pelosi voted to raise the debt ceiling. >> i'm shocked. who knew the president was a politician? be care waffle you say in the senate. you may be in the white house
look at 2011hen the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignor the debt rating t. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his definiti as well. >> extortion is criminal. this president is grasping for straws because he knows that...
27
27
tv
eye 27
favorite 0
quote 0
doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible but this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these dire consequences huge economic partners what will happen to them you have protests breaking out especially in the capital here over the weekend a group of truckers came in towards the u.s. capital you had veterans this sunday coming together and coming to memorials so there was thousands of protesters who in fact broke through a barricade on sunday to try to get to world war two monument they were peaceful just chanting slogans like break down these walls singing patriotic songs but yet there were riot police there ready to go to control these veterans and if the u.s. does go ahead and default of c
doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half trillion dollars of borrowing so you have the rest of the world very wary they're panicking you have the heads of various major financial organizations global financial organizations like the i.m.f. talking about how american legislators need to be responsible but this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these...
146
146
Oct 15, 2013
10/13
by
CNN
tv
eye 146
favorite 0
quote 0
we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will recapture the lost wealth they had and they will recapture that if we get this under control. if we don't get this under control, that's where i would be real concerned about that because who in the heck is going to lend us money if we can't get our own financial house in order. again, this is the time to address this. this is what i came up here for. and we got sent up here to address these things and these are tough decisions. nobody wants anybody laid off. nobody wants anybody furloughed. nobody wants the markets to be rattle
we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will...
63
63
Sep 27, 2013
09/13
by
MSNBC
tv
eye 63
favorite 0
quote 0
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
276
276
Oct 8, 2013
10/13
by
KPIX
tv
eye 276
favorite 0
quote 0
one that would bring dire consequences for every american. >> on the debt ceiling -- >> the debt ceiling. >> reporter: -- the debt ceiling or the point at which our treasury goes into default and can no longer make our payments. what can we expect if washington can't reach a deal to raise the ceiling? today we spoke with a berkeley professor a former deputy assistant secretary for economic policy it the treasury department. >> the best way to get an idea of what the impact might be is to look last time at what happened in summer 2011 when we almost hit the debt ceiling. consumer confidence was hurt. it took six months to return. the s&p tumbled 17 points. those were just the consequences of almost getting there. mainstream economists of both parties agree that it would be catastrophic but we don't know just how bad it would be. >> reporter: making matters worse, consumer confidence has already plunged since the start of the government shutdown. default would be like throwing gasoline on the fire. >> if the government shutdown is a 5 on the richter scale, this is a 9 on the richter scale.
one that would bring dire consequences for every american. >> on the debt ceiling -- >> the debt ceiling. >> reporter: -- the debt ceiling or the point at which our treasury goes into default and can no longer make our payments. what can we expect if washington can't reach a deal to raise the ceiling? today we spoke with a berkeley professor a former deputy assistant secretary for economic policy it the treasury department. >> the best way to get an idea of what the...
109
109
Jan 5, 2013
01/13
by
MSNBCW
tv
eye 109
favorite 0
quote 0
lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people want us to get together and do something. it's why i was sad to see steve decide not to run for re-election because we need republicans, we need more republicans who are going to stand in there and say, yes, spending is the issue, but we've got to realize that we've got to have reasonable revenue that comes into the mix, and we've got to look at everything. when it comes to spending, defense cannot be a sacred cow. we have to look at everything, and we have to have legitimate entitlement reform. and on our side, mike
lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people...
16
16
tv
eye 16
favorite 0
quote 0
the debt ceiling is an absurd notion in a monetary system that is debt based and could you explain on the relevance of this we actually have a clip from your video and this is the latest installment that came out and it has to do with and it gives a great visual representation of the debt and currency side by side here it is. we don't go deeper into debt every year look what happens the whole thing goes into a deflationary collapse under the weight of those. can you comment on this deflationary collapse why and what are the mechanics of it how does it actually happen well this is the problem with the debt based monetary system as long as you take on more debt then you've got growth and you've got slightly positive inflation and the whole thing works but the problem is that the powers that be the federal reserve other central banks they think that they can control this mechanism but it's really controlled by how the public feels if the public gets scared and stops going deeper into debt borrowing and spending all of the time then this whole thing goes into reverse it goes into a deflat
the debt ceiling is an absurd notion in a monetary system that is debt based and could you explain on the relevance of this we actually have a clip from your video and this is the latest installment that came out and it has to do with and it gives a great visual representation of the debt and currency side by side here it is. we don't go deeper into debt every year look what happens the whole thing goes into a deflationary collapse under the weight of those. can you comment on this deflationary...
70
70
Oct 9, 2013
10/13
by
MSNBC
tv
eye 70
favorite 0
quote 0
it is nonsense to worry about hitting the debt ceiling. republican congressman john flemming also does not think there is anything to worry about with the debt ceiling. he told the "new york times," quote, economists, what have they been doing? they make all sorts of predictions, many times they are wrong, so i don't think we should run government based on economist predictions. congressman john flemming says technically it is not possible to default. what happens in his mind if we doit the debt celling? in his mind, quote, nothing happens, so says louisiana republican congressman john flemming. florida republican congressman ted yoho sprained to congress this week saying if we hit the debt ceiling, it would be good for us, good for the whole world even. he says i think we need to all have that moment where we think we are going broke. personally i think it would be stalgt to the world markets. we're not going to default, there is no default. republican congressman justin amash of michigan says republicans have a different definition of de
it is nonsense to worry about hitting the debt ceiling. republican congressman john flemming also does not think there is anything to worry about with the debt ceiling. he told the "new york times," quote, economists, what have they been doing? they make all sorts of predictions, many times they are wrong, so i don't think we should run government based on economist predictions. congressman john flemming says technically it is not possible to default. what happens in his mind if we...
206
206
Oct 6, 2013
10/13
by
FOXNEWSW
tv
eye 206
favorite 0
quote 1
the debt ceiling deadline is staring us down. there's one group, though, that says our debt is even worse than we think. websites like fixthedebt.org are fighting to get federal spending under control by looking at how it exploded. check this out. in the 1980s the group points out the debt ranged from just under $1 trillion to $3 trillion. the next decade is doubled to $6 trillion. since then as you can see here's their chart. it has tripled to just under $17 trillion. what do they say we can do? joining me now is former republican senator tim hutchenson from arkansas. you have 16699. it's even grown since then, senator. welcome. but you have a plan. and we'd love to hear about it. >> jamie, first of all, i was there during the '95-'96 shutdown. i remember well, there's some similarities. there was a passionate freshman class that came in determined to balance the budget. even if it meant shutting down the government. this time we've got a passionate freshman class that wants to repeal obama care, defund obama care, even if it me
the debt ceiling deadline is staring us down. there's one group, though, that says our debt is even worse than we think. websites like fixthedebt.org are fighting to get federal spending under control by looking at how it exploded. check this out. in the 1980s the group points out the debt ranged from just under $1 trillion to $3 trillion. the next decade is doubled to $6 trillion. since then as you can see here's their chart. it has tripled to just under $17 trillion. what do they say we can...
189
189
Aug 30, 2013
08/13
by
FOXNEWSW
tv
eye 189
favorite 0
quote 0
he says republicans see a simple equation. >> we're not raising the debt ceiling without real cuts in spending. it is as simple as that. >> reporter: the national debt clock has done something peculiar when it comes to total public debt, according to the administration, it stopped ticking forward. it has been frozen at 16,699,396,000,000 since may 16th. they've been using a tool box of extraordinary measures to allow for continued borrowing, moving money around, paying selected bills, ringing them up, leaving other items in the nation's grocery cart to be paid when the debt ceiling is raised. if the debt ceiling is not raised, treasury officials would be forced to choose which bills to pay and which to leave in the met for cal cart unpaid. the national debt continues to grow. congressional budget office predicts outstanding public debt at the end of 2013 fiscal year to be nearly $17 trillion. as it stands now, if we were to give every american a chunk of the debt, that would be about $53,000 per person. and if current law remains the same, the debt just keeps adding up. just three yea
he says republicans see a simple equation. >> we're not raising the debt ceiling without real cuts in spending. it is as simple as that. >> reporter: the national debt clock has done something peculiar when it comes to total public debt, according to the administration, it stopped ticking forward. it has been frozen at 16,699,396,000,000 since may 16th. they've been using a tool box of extraordinary measures to allow for continued borrowing, moving money around, paying selected...
146
146
Oct 9, 2013
10/13
by
KNTV
tv
eye 146
favorite 0
quote 0
ceiling, raising of the debt ceiling. they think despite opposition, they can vote on that before next week's deadline. richard? >> tracie potts, as always, thank you very much. >>> what's the last thing you expect to see the army buy during a government shutdown? how about a mechanical bull? on monday utah's national guard entered a contract to buy a mechanical bull. the cost for that? $47,000. they claim it's needed to attract new recruits. last week the government sent home close to 800,000 workers due to the shutdown. >>> this morning, president obama will nominate janet yellin to chair the reserve. she would be the first woman to chair the board. the 67-year-old has served as its vice chair since 2010. her nomination has been expected ever since larry summers with drew his name from nomination last month. >>> and undercover member of the nypd is charged in the motorcycle road rage case. he is a 32-year-old and ten-year veteran of the force. he will be arraigned today. police say video clearly shows him pounding on th
ceiling, raising of the debt ceiling. they think despite opposition, they can vote on that before next week's deadline. richard? >> tracie potts, as always, thank you very much. >>> what's the last thing you expect to see the army buy during a government shutdown? how about a mechanical bull? on monday utah's national guard entered a contract to buy a mechanical bull. the cost for that? $47,000. they claim it's needed to attract new recruits. last week the government sent home...
22
22
tv
eye 22
favorite 0
quote 0
doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half dollars of borrowing so you have the rest of the world very worried they're panicking you have the heads of various major financial. financial organizations like the i.m.f. talking about how american legislators need to be responsible that this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these dire consequences huge economic partners what will happen to them if the u.s. does go head into fall well according to experts whether or not it happens on thursday china is still going to rethink the way it does business with the united states here's jeffrey summers of the university of wisconsin milwaukee and united states of course is an economy which leads global credit and the foreign purchase of its treasury bills so this puts it in a very precarious position moving forward in terms of the ability to fund many of its programs domestically for those countries in which of finance it's a very very big player within their
doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half dollars of borrowing so you have the rest of the world very worried they're panicking you have the heads of various major financial. financial organizations like the i.m.f. talking about how american legislators need to be responsible that this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these dire consequences huge...
69
69
Oct 13, 2013
10/13
by
FOXNEWSW
tv
eye 69
favorite 0
quote 0
ceiling before thursday's deadline. >> if congress refuses to raise what's called the debt ceiling, america would not be able to meet all of our financial obligations for the first time in 225 years. nobody in the past has ever seriously threatened to breach the debt ceiling until the last two years. and this is the credit worthiness of the united states that we're talking about. this is our word. this is our good name. this is real. >> but thanks to the 14th amendment, constitutional attorney david rivkin says the default on the federal debt is not even a possibility. i spoke with him earlier and asked him why. >> the united states is the only country that is constitutionally incapable of default. 14th amendment says specifically the public debt of the united states authorized by law cannot be questioned. the supreme court of the united states construed this language in 1935 and made very clear that this language is traditionally enforceable, so individuals who hold bonds and other obligations of the united states, if the united states misses principle interest payment, you can go
ceiling before thursday's deadline. >> if congress refuses to raise what's called the debt ceiling, america would not be able to meet all of our financial obligations for the first time in 225 years. nobody in the past has ever seriously threatened to breach the debt ceiling until the last two years. and this is the credit worthiness of the united states that we're talking about. this is our word. this is our good name. this is real. >> but thanks to the 14th amendment,...
110
110
Oct 11, 2013
10/13
by
FBC
tv
eye 110
favorite 0
quote 0
carney seemed to say yesterday the president would sign a debt ceiling increase in the debt ceiling, without opening the government first and start budget negotiations after that. so no contingencies. now you're hearing that from carney as he is speaking right now, some perhaps a different position. cheryl: right. >> but, you know, i guess it comes down to what the definition of clean budget resolution or clean debt ceiling will be. and, whether or not they will consider, you know, having talks on the budget and reopening the government as conditions and, so, it is a moving target. cheryl: you know what? i will let you go inside to listen to the briefing. peter barnes, thank you very much. david: it is also raining. good to get him out f the rain. what is extraordinary he despite of all the indesigh sieve elements of the story we still have a market gain of triple digits on the dow. cheryl: right. 11 to the upside. monday morning could be a different story. david: could be a lot of trading action throughout the weekend. cheryl: bond market closed on monday but stocks will be going. a
carney seemed to say yesterday the president would sign a debt ceiling increase in the debt ceiling, without opening the government first and start budget negotiations after that. so no contingencies. now you're hearing that from carney as he is speaking right now, some perhaps a different position. cheryl: right. >> but, you know, i guess it comes down to what the definition of clean budget resolution or clean debt ceiling will be. and, whether or not they will consider, you know, having...